Advisory Services Network LLC Has $1.43 Million Stock Position in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Advisory Services Network LLC cut its stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,401 shares of the company’s stock after selling 524 shares during the period. Advisory Services Network LLC owned approximately 0.09% of iShares U.S. Financial Services ETF worth $1,432,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IYG. Howard Capital Management Group LLC grew its position in shares of iShares U.S. Financial Services ETF by 2.1% during the 3rd quarter. Howard Capital Management Group LLC now owns 114,452 shares of the company’s stock worth $8,128,000 after buying an additional 2,392 shares during the period. Wolverine Trading LLC bought a new position in iShares U.S. Financial Services ETF during the 3rd quarter worth approximately $310,000. Jane Street Group LLC acquired a new position in iShares U.S. Financial Services ETF during the third quarter valued at approximately $2,496,000. EP Wealth Advisors LLC increased its stake in iShares U.S. Financial Services ETF by 28.2% in the third quarter. EP Wealth Advisors LLC now owns 2,247 shares of the company’s stock valued at $160,000 after purchasing an additional 494 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in iShares U.S. Financial Services ETF by 14.9% in the third quarter. National Bank of Canada FI now owns 22,774 shares of the company’s stock worth $1,617,000 after purchasing an additional 2,949 shares during the period.

iShares U.S. Financial Services ETF Stock Up 1.8 %

Shares of IYG stock opened at $73.32 on Friday. iShares U.S. Financial Services ETF has a 12-month low of $62.13 and a 12-month high of $84.91. The firm has a fifty day moving average of $78.85 and a 200-day moving average of $78.24. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 15.76 and a beta of 1.09.

iShares U.S. Financial Services ETF Profile

iShares U.S. Financial Services ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Financial Services Index (the Underlying Index). The Underlying Index measures the performance of the financial services sector of the United States equity market.